Global Waste to Energy Market Size, Status and Forecast to 2025 Waste To Energy (WTE) Market

Global Waste To Energy (WTE) Market 2019 : Drivers, Industry
Capacity, Revenue and Growth Rate Forecast (2019-2025)
According to BlueWeave Consulting, The Global Waste To Energy (WTE) Market is
anticipated to grow with a significant growth rate during the forecast period 2019-
2025. Increasing electricity demand together with growing dependency on
renewable sources to produce energy due to depleting petrochemical reserves is
probably going to drive waste to energy market over the forecast timeframe. As of
2015, more than 50% of the global population lives in urban areas and, therefore,
accelerating municipal solid waste accumulation.
Garbage has been a worrying cause for native governing bodies mostly in developing areas.
Government organizations have been supporting the growth by giving relaxation on taxes
as well as providing incentives. Favorable government regulations in the form of tax
benefits and financial incentives have had a positive influence on the growth of this market.
Waste to Energy is expected to solve the environmental problems related to waste by
reducing the volume and decreasing the greenhouse gas emissions.
Among technology, thermal technology accounts for the largest market size in the
global Waste to Energy (WTE) market during the forecast period.
Thermal technology is the dominating segment over the forecast period and estimated to
lead the market over the forecast period. Thermal-based incineration technology is the
leading segment in the overall waste to energy market. Health concerns due to an emission
of flue gasses via thermal WTE technology has been a major challenge for the industry over
the recent past. Alternative thermal technologies like pyrolysis, gasification and plasma arc
gasification are expected to lower carbon emissions and witness the growth in demand.
Moreover, a shift in trend towards replacing conventional energy generating from fossil fuels
with renewable energy to ensure energy security and reduce carbon emissions are potential
factors to drive industry growth. The biological method of energy management is projected
to show robust growth over the forecast period.
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Europe accounts for the largest share of the Global Waste to Energy (WTE) market
during the forecast period.
Geographically, Europe dominates the overall waste to energy market and projected to lead
the market over the forecast period Increasing solid waste in the developing and emerging
countries has resulted in rising public concern relating to the subsequent health and
environmental impacts. Owing to the high generation of industrial waste coupled with
stringent EU-wide waste legislation has led to accelerated market growth in the region.
Rising energy demand, the growing industrialization is also a trend saw in recent years
which is expected to enhance product demand over the coming years. The Asia Pacific is
projected to be the fastest growing market led by Japan and China.
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